The problem Creditsco solves

This platform offers a number of advantages that change how people maintain and profit from their digital assets, addressing three major issues that NFT holders face:

Despite their value, NFTs are frequently illiquid assets. Creditsco enables customers to obtain on-chain loans by using their holdings of NFTs as leverage, giving them fast liquidity without having to trade their priceless digital assets.

1. Liquidity Access: Creditsco lets customers access liquidity from their holdings of NFTs without having to liquidate their priceless digital assets. This implies that people can use money for different things without giving up ownership of their distinctive and valuable NFTs.
2. Diverse Financial Opportunities: Users can explore a myriad of financial opportunities by using their NFTs as collateral. Whether it's for personal investments, business ventures, or other financial needs, Creditsco expands the possibilities for leveraging digital assets beyond their initial acquisition.
3. Simplified Procedure: By combining blockchain technology, smart contracts, and NFT standards, Creditsco streamlines the loan procedure. As a result, consumers may obtain loans against their NFT portfolios more easily thanks to a simplified and effective lending platform that does away with pointless middlemen and bureaucracy.
4. Secure Transactions: The platform leverages blockchain technology for secure, transparent, and tamper-proof transactions. Smart contracts ensure that the terms of the loan are automatically enforced, providing a trustworthy and efficient lending environment.

Challenges we ran into

We faced a number of obstacles during the project's development that called for creative thinking and perseverance to get beyond. The two main obstacles were integrating the push protocol for installment alerts and deploying smart contracts via Hardhat.